Saul Centers Inc (BFS) Raises Dividend to $0.52 Per Share

Saul Centers Inc (NYSE:BFS) announced a quarterly dividend on Thursday, December 7th, Zacks reports. Investors of record on Wednesday, January 17th will be paid a dividend of 0.52 per share by the real estate investment trust on Wednesday, January 31st. This represents a $2.08 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.51.

Saul Centers has increased its dividend by an average of 9.4% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Saul Centers has a payout ratio of 64.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Saul Centers to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 63.4%.

Shares of Saul Centers (NYSE:BFS) traded up $0.06 during trading on Thursday, reaching $57.71. The company had a trading volume of 34,400 shares, compared to its average volume of 27,457. The firm has a market cap of $1,288.60, a P/E ratio of 35.41, a PEG ratio of 3.58 and a beta of 0.72. Saul Centers has a twelve month low of $55.86 and a twelve month high of $66.14. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68.

Several analysts have issued reports on the company. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. Zacks Investment Research raised Saul Centers from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th.

In other Saul Centers news, insider James Page Lansdale sold 2,372 shares of Saul Centers stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total value of $148,250.00. Following the sale, the insider now owns 2,972 shares of the company’s stock, valued at approximately $185,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 20,999 shares of company stock worth $1,329,716 in the last three months. Company insiders own 48.80% of the company’s stock.

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Saul Centers Company Profile

Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.

Dividend History for Saul Centers (NYSE:BFS)

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